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After decades of market liberalism and fiscal fundamentalism, policymakers are returning to Keynes. Jeff Snider reacts to two recent articles: "Bond yields are not good predictors of inflation" (Peterson Institute for International Economics) and "Why economists kept getting the policies wrong" (Financial Times). ----------WHERE---------- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr AlhambraTube: https://bit.ly/2Xp3roy ----------WHEN---------- 01:02 Two economists write that bond yields are not good predictors of inflation 03:20 Bond yields have failed to predict inflation for 70 years in the US; three other countries 05:31 Why economists kept getting the policies wrong 08:01 Was monetarism was derailed by poor philosophy? Or because measures of money failed? 11:43 Monetarism ditched, so first came currency exchange targeting then inflation targeting. 13:26 Positive Economics, econometrics promised wonderful, impossible things 16:11 Central Bankers use mathematics as a shield against criticism 18:42 We are back where we started, time to dust off Keynes General Theory.
----------WHAT---------- Teenagers baffled by rotary phone: https://youtu.be/oHNEzndgiFI Bond yields are not good predictors of inflation: https://bit.ly/2Zz7dwd Why economists kept getting the policies wrong: https://on.ft.com/2ZwAgAw Alhambra Investments Blog: https://bit.ly/2VIC2wW RealClear Markets Essays: https://bit.ly/38tL5a7
----------WHO---------- Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by the King of the North, David Parkins. |